Economy | Families

Increase the Northern Residents Deduction residency component by 33% (to a maximum of $22 per day).

Achieved

Source: Liberal Platform | Page 21

October 5, 2015

Tuesday March 22, 2016 | 2016 Federal Budget

2016 Federal Budget

Chapter 1 > Increasing the Northern Residents Deduction

To help draw skilled labour to northern and isolated communities, Budget 2016 proposes to increase the maximum daily residency deduction to $22 from $16.50.

This measure will be effective as of January 1, 2016 and is estimated to reduce federal revenues by about $255 million over the 2015–16 to 2020–21 period.